Skip to Main Content

DLocal Limited (NASDAQ: DLO) Securities Fraud Class Action

View Complaint
COMPANY       DLocal Limited
COURT United States District Court for the Eastern District of New York
CASE NUMBER 23-cv-07501
JUDGE The Hon. Nicholas Garaufis
CLASS PERIOD  May 2, 2022 through May 25, 2023

Case Background:

On October 6, 2023, the initial complaint was filed against DLocal Limited ("DLocal" or the "Company") on behalf of all persons who (i) purchased or otherwise acquired DLocal Limited Class A common stock pursuant and/or traceable to the final amended registration statement filed and declared effective on June 2, 2021 (collectively, the "IPO Registration Statement") issued in connection with the Company's initial public offering conducted on or about June 2, 2021 ("IPO") and/or (ii) purchased or otherwise acquired DLocal securities during the Class Period.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) DLocal engaged in certain improper conduct and transfers abroad in violation of Argentine laws and/or regulations, including, inter alia, foreign exchange regulations; (ii) accordingly, DLocal's compliance controls and procedures, including its disclosure controls and procedures and internal controls over financial reporting, were deficient; (iii) all the foregoing subjected the Company to a heightened risk of governmental and/or regulatory scrutiny in Argentina and/or enforcement action by Argentine authorities; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Current Status of Case:

On March 18, 2024, Plaintiffs filed amended class action complaint. This action is ongoing.

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP:  Jonathan Naji, Esq. (484) 270-1453 or via e-mail at  If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

Please complete this form relating to your transactions in DLocal Limited (NASDAQ: DLO) securities between May 2, 2022 and May 25, 2023, both dates inclusive (the “Class Period”).

You may also contact Jonathan Naji, Esq. (484) 270-1453; or you may submit your information via email at; or you may click here to print a PDF of this form.

* Denotes required field
# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of DLocal Limited prior to the Class Period?
Are you a current or former employee of DLocal Limited?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
I agree to the KTMC disclaimer
I would like to receive new case alerts by email